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Your answer is partially correct. Prepare a retained earnings statement for the year. Cullumber Corporation did not issue any new stock during the ye CULLUMBER CORPORATION Retained Earnings Statement For the Year Ended July 31, 2022. Retained Earnings. August 1, 2021 36000 Less : Net Income /(Loss) 4500 i Dividends -500 Retained Earnius. July 31, 2022 35500 eTextbook and Media List of Accounts Save force Attempts: 1 of 2 used Submit (b) The parts of this question must be completed in order. This part will be available when you complete the part above Rock IL co on 2 Homework Question 3 of 7 > View Policies Show Attempt History Current Attempt in Progress These financial statement items are for Cullumber Corporation at year-end, July 31, 2022 Salaries and wages payable $3,480 Salaries and wages expense 59,100 Supplies expense 17,500 Equipment 19,900 Accounts payable 4,100 Service revenue 67.700 Rent revenue 10,400 Notes payable (due in 2025) 3.700 Common stock 16,000 Cash 31,200 Accounts receivable 11.680 Accumulated depreciation equipment 8,000 Dividends 4,000 Depreciation expense 6,000 Retained earnings (beginning of the year) 36,000 (1) Your Answer Correct Answer Question 3 of 7 6.06/10 Uuter ALINE Your answer is correct. Prepare an income statement for the year. Cullumber Corporation did not issue any new stock during the year. (Enter negati amounts using either a negative sign preceding the number e.g. -45 or parentheses es (45) CULLUMBER CORPORATION Income Statement For the Year Ended July 31, 2022 Revenues Seni Revue 67200 10400 Total Revenues $ Expenses bare toetse Souillet Di 2001 Tot Expenses Net Income $ e Textbook and Media Solution